Historique
Article de Périodique
Coordination problems in cryptomarkets: Changes in cooperation, competition and valuation (2018)
Auteur(s) :
ANDERDAL BAKKEN, S. ;
MOELLER, K. ;
SANDBERG, S.
Année
2018
Page(s) :
442-460
Langue(s) :
Anglais
Domaine :
Drogues illicites / Illicit drugs
Discipline :
MAR (Marchés / Markets)
Thésaurus mots-clés
MARCHE DE LA DROGUE
;
INTERNET
;
SOCIOLOGIE
;
ECONOMIE
;
PRODUIT ILLICITE
;
COMMERCE
;
REVENDEUR
Thésaurus géographique
INTERNATIONAL
Résumé :
The new drug markets emerging on the dark net have reduced earlier drug market risk factors such as visibility and violence. This study uses economic sociology and transaction cost economics to broaden the present understanding of cryptomarkets. Results focus on three coordination problems characterizing illegal markets and how they are alleviated in cryptomarkets. More information and better visibility increase competition, the feedback system enforces cooperation and border control introduces a new cost influencing valuation. Cryptomarkets are formally structured and regulated by rules of conduct and centralized decisions. We argue that the online context circumvents earlier coordination problems in illegal markets, making dark net markets more structurally efficient compared with conventional drug markets.
Affiliation :
University of Oslo, Norway